Oneok (OKE) Gross Margin (2009 - 2026)

Oneok's Gross Margin history runs 18 years deep, the most recent figure standing at 26.67% for Q1 2026.

• In Q1 2026, Gross Margin fell 302.0% year-over-year to 26.67%; the TTM figure through Mar 2026 stood at 88.69% (up 3778.0% YoY), while the FY2025 annual figure was 92.31%, up 228.0% from the prior year.
• Gross Margin was 26.67% for Q1 2026 at Oneok, down from 258.76% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 359.52% in Q4 2022 to a low of 19.29% in Q3 2022.
• Historically, Gross Margin has averaged 78.88% across 5 years, with a median of 39.41% in 2024.
• The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 26423 bps in 2022, then tumbled 32258 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 359.52% in 2022, then slumped by 90 bps to 36.94% in 2023, then soared by 144 bps to 90.27% in 2024, then surged by 187 bps to 258.76% in 2025, then sank by 90 bps to 26.67% in 2026.
• The last three Gross Margin figures came in at 26.67% (Q1 2026), 258.76% (Q4 2025), and 30.95% (Q3 2025), per Business Quant data.